Sopheus: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Sopheus
Largest movements
- Cash -€425,277
down €425,277 (-91.0%), from €467,493 to €42,216
- Stocks and contracts +€401,100
up €401,100 (+26.3%), from €1.5m to €1.9m
- Debts after one year +€287,793
up €287,793 (+16.8%), from €1.7m to €2.0m
- Profit (loss) carried forward -€235,404
down €235,404 (-1625.7%), from -€14,480 to -€249,885
- Trade debts -€42,014
down €42,014 (-100.0%), from €42,014 to €0
- Accrued charges and deferred income -€21,004
down €21,004 (-100.0%), from €21,004 to €0
- Gross operating margin -€172,261
down €172,261, from €139,041 to -€33,220
- Financial charges +€77,501
up €77,501 (+74.7%), from €103,786 to €181,287
- Taxes -€8,604
down €8,604 (-100.0%), from €8,604 to €0
- Depreciation +€6,000
up €6,000 (+92.4%), from €6,496 to €12,496
- Other operating charges +€3,278
up €3,278 (+64.0%), from €5,123 to €8,401
From the 2023 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,044,638 | €2,029,539 | -€15,098 | -0.7% |
| Fixed assets | 21/28 | €45,126 | €42,229 | -€2,897 | -6.4% |
| Tangible fixed assets | 22/27 | €45,126 | €41,304 | -€3,822 | -8.5% |
| Furniture and vehicles | 24 | €45,126 | €41,304 | -€3,822 | -8.5% |
| Financial fixed assets | 28 | €0 | €925 | +€925 | |
| Current assets | 29/58 | €1,999,512 | €1,987,310 | -€12,201 | -0.6% |
| Stocks and contracts in progress | 3 | €1,526,604 | €1,927,703 | +€401,100 | +26.3% |
| Stocks | 30/36 | €1,526,604 | €1,927,703 | +€401,100 | +26.3% |
| Amounts receivable within one year | 40/41 | €1,870 | €17,390 | +€15,520 | +830.0% |
| Trade receivables | 40 | €0 | €8,604 | +€8,604 | |
| Other amounts receivable | 41 | €1,870 | €8,786 | +€6,916 | +369.9% |
| Cash at bank and in hand | 54/58 | €467,493 | €42,216 | -€425,277 | -91.0% |
| Deferred charges and accrued income | 490/1 | €3,544 | €0 | -€3,544 | -100.0% |
| Total equity and liabilities | 10/49 | €2,044,638 | €2,029,539 | -€15,098 | -0.7% |
| Equity | 10/15 | €155,520 | -€79,885 | -€235,404 | |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,480 | -€249,885 | -€235,404 | -1625.7% |
| Amounts payable | 17/49 | €1,889,118 | €2,109,424 | +€220,306 | +11.7% |
| Amounts payable after more than one year | 17 | €1,714,928 | €2,002,722 | +€287,793 | +16.8% |
| Financial debts | 170/4 | €1,714,928 | €2,002,722 | +€287,793 | +16.8% |
| Amounts payable within one year | 42/48 | €153,186 | €106,702 | -€46,484 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €5,880 | €5,828 | -€52 | -0.9% |
| Trade debts | 44 | €42,014 | €0 | -€42,014 | -100.0% |
| Suppliers | 440/4 | €42,014 | €0 | -€42,014 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,508 | €889 | -€13,619 | -93.9% |
| Taxes | 450/3 | €14,508 | €889 | -€13,619 | -93.9% |
| Other amounts payable | 47/48 | €90,783 | €99,985 | +€9,202 | +10.1% |
| Accrued charges and deferred income | 492/3 | €21,004 | €0 | -€21,004 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,496 | €12,496 | +€6,000 | +92.4% |
| Other operating charges | 640/8 | €5,123 | €8,401 | +€3,278 | +64.0% |
| Gross operating margin | 9900 | €139,041 | -€33,220 | -€172,261 | |
| Operating profit (loss) | 9901 | €127,422 | -€54,117 | -€181,539 | |
| Financial income | 75/76B | €73 | €0 | -€73 | -100.0% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -100.0% |
| Financial charges | 65/66B | €103,786 | €181,287 | +€77,501 | +74.7% |
| Recurring financial charges | 65 | €103,786 | €181,287 | +€77,501 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €23,709 | -€235,404 | -€259,113 | |
| Income taxes | 67/77 | €8,604 | €0 | -€8,604 | -100.0% |
| Profit (loss) for the period | 9904 | €15,105 | -€235,404 | -€250,509 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,105 | -€235,404 | -€250,509 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.